Navigation companies announce joint venture - Trade Only Today

Navigation companies announce joint venture

This jointly owned operation will offer a comprehensive navigational data package to the international shipping industry.
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E-navigation company Navtor joined forces with Nautic AB, a provider of navigational equipment, charts and publications to the Swedish market, to launch Navtor Nautic AB.

This jointly owned operation, based in Gothenburg, Sweden, will offer a comprehensive navigational data package to the international shipping industry.

Nautic is a dominant force in the Swedish market for maritime chart and publication supply. Navtor, which formed in 2011, has more than 50 percent of the Norwegian fleet subscribing to its ENC service.

“Navtor is focused on providing navigators with user-friendly digital solutions that reduce their administrative burden and enhance safety, while increasing efficiency for ship managers, owners and operators worldwide,” Navtor managing director and CEO Tor. A. Svanes said in a statement. “However, paper charts are still a vital piece of the navigational jigsaw and, to provide a ‘one-stop shop’ for our customers, delivering all the data they require, we saw a strategic need to team up with a leading supplier. Nautic, with its 100-year track record of success in this segment, was the perfect partner.

Nautic AB, which began trading in 1915, is a family-owned business that is run by the founder’s grandson, Lars-Olof Traung. His son, Johan Traung, is stepping into the new position of managing director of Nautic Holding AB, which will co-own Navtar Nautic AB.

“With the transition from paper to digital, conventional paper chart suppliers face obvious challenges, but the demand is still there,” Johan Traung said.

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